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Corporate and fraudulent behaviour
Insider dealing
Insider dealing
Insider dealing is an offence whereby a person deals in securities,
whilst in possession of information about those securities which is not
commonly available and which would affect the price of those securities
were it commonly known.
The legislation governing insider dealing is contained in the Criminal
Justice Act 1993.
The offences
An individual who has information as an insider is guilty of insider dealing if:
He deals in securities on which he has inside information
He encourages someone else to deal in securities on which he has inside
information
He discloses inside information.
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